On November 25, 2024, HashKey Exchange, Hong Kong's largest licensed virtual asset exchange, announced the formal launch of institutional-grade comprehensive service HashKey Pro, dedicated to helping brokerages, banks, payment institutions, and other financial institutions quickly integrate professional and reliable virtual asset trading capabilities. HashKey Pro supports API trading, block trading services, as well as enterprise-level account structures and permission management, providing institutional investors with secure and reliable user asset insurance and a world-leading trading matching engine. Through HashKey Pro, financial institutions can offer customers a variety of virtual currency trading, including BTC and ETH, within their own App or web portal.

Based on HashKey Pro, HashKey Exchange and Hong Kong's first and largest ** digital bank ZA Bank (Zhong An Bank) have announced a collaboration to drive ZA Bank to become the first bank in Asia to provide virtual asset trading services to retail users. Leveraging HashKey Pro, ZA Bank has successfully launched virtual asset trading features in its App, offering trading services for Bitcoin (BTC) and Ethereum (ETH) to Hong Kong retail users, creating a new milestone in the integration of digital banking and virtual asset trading.

HashKey Exchange CEO Livio Weng stated: "We are honored to collaborate with ZA Bank to drive innovation in digital banking services in Asia. HashKey Pro, as a one-stop virtual asset solution, can help traditional financial institutions quickly implement virtual asset trading capabilities, lowering technological barriers and providing users with a convenient, efficient, and secure trading experience. This collaboration marks the deep integration of traditional banks and the virtual asset ecosystem, setting a benchmark for the industry."

ZA Bank Acting CEO Calvin Wu stated: "As a digital bank, we are well aware of the importance of security and compliance, therefore we have partnered with the world-leading licensed virtual asset exchange HashKey Exchange to provide investors with bank-level security, which will become our core competitive advantage in the Asian market."

Currently, HashKey Pro has established partnerships with more than ten brokerages and banks, including ZA Bank and Victory Securities, completing transactions exceeding HKD 5 billion. Since November, HashKey Exchange's asset inflow has significantly increased, with weekly asset inflows exceeding HKD 1 billion and a weekly growth rate of 17%. As of November 24, the platform's user asset inflow has surpassed HKD 7 billion, with total trading volume reaching HKD 550 billion, continuing to maintain the position of Hong Kong's largest licensed virtual currency exchange.

Looking ahead, Livio stated: "We believe that such innovative collaborations have already created a 'hive effect.' By serving and integrating dozens of financial institutions, we can build the best liquidity and trading network in the licensed trading market. In the future, we will attract more traditional financial institutions to join the virtual asset market, jointly promoting compliance development and innovative prosperity across the industry. In the future, HashKey Pro will continue to seek more partners to provide users with more diversified digital asset services, accelerating the comprehensive upgrade of the digital economy."

* As of November 21, 2024, HashKey Exchange ranks seventh in the CoinGecko exchange rankings, making it the largest licensed virtual asset exchange in Hong Kong.

** As the first digital bank to open in Hong Kong (previously known as a virtual bank), as of June 30, 2024, ZA Bank's user numbers and deposits are the highest among Hong Kong's eight digital banks. Source: Performance reports of the eight digital banks.

"First in Asia / First in Asia" refers to licensed banks in Asian countries/regions excluding West Asia that have a complete virtual asset regulatory framework and are member countries of FATF, as well as licensed banks that provide services for retail investors to trade cryptocurrencies directly using fiat currency through their main application.

Disclaimer

Hash Blockchain Limited is responsible for issuing this material in Hong Kong. The company is licensed by the Securities and Futures Commission to conduct regulated activities under the Securities and Futures Ordinance, and has obtained a license under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO) to operate a virtual asset trading platform. To comply with laws and regulations, HashKey Exchange does not provide services to users in mainland China, the United States, and certain other jurisdictions. This material has not been reviewed by the Securities and Futures Commission.

https://support.hashkey.com/hc/en-us/articles/34286118049945-HashKey-Exchange-New-Release-Announcement-Standards-and-Related-Exemptions